Archstone, the massive apartment landlord now owned by failed bank Lehman Brothers’ estate, is seeking tor aise $3.45 billion through its initial public offering, Bloomberg News reported. Archstone, which plans to organize itself as real estate investment trust, updated the amount sought in a filing yesterday, Bloomberg News said. The company, which boasted revenue of $272.7 million in the third quarter of 2012, in August filed to go public. In May, Lehman Brothers beat out the other [more]
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